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U.S. stocks traded mixed on Tuesday as investors digested new data on job openings and absorbed a new wave of gains ahead of Alphabet’s (GOOG, GOOGL) earnings. The Dow Jones Industrial Average (^DJI) was down about 0.2% by mid-morning trading, while the benchmark S&P 500 (^GSPC) was up about 0.1% after opening lower. The Nasdaq Composite Index (^IXIC), which has a high proportion of high-tech stocks, also recovered its losses and rose about 0.4%. There were 7.44 million job openings at the end of September, down from 7.86 million in August, according to new data from the Bureau of Labor…
Important points sUSD is the first yield stablecoin on Solana, offering an annual yield of 4-5%. The stablecoin is backed by US Treasury bills and leverages the OpenEden platform for added security. Share this article Solayer Labs has launched sUSD, Solana’s first yield stablecoin backed by US Treasury bills.With sUSD, users can be paid directly in USDC and earn around 4% interest without any staking or manual processes.Using a decentralized protocol, sUSD acts as a marketplace engine, connecting USDC quotes and authorized tokenizers. This fully automated protocol manages minting, redemption, and matching procedures, ensuring an efficient decentralized operation for users.Through…
Donald Trump’s latest foray into cryptocurrencies, World Liberty Financial (WLF), is said to be preparing to issue its own stablecoin as part of an ambitious expansion plan. This news comes despite the project’s recent sale of its native token WLFI only securing around $14 million from just over 16,000 buyers. WLF stablecoin in development According to a Decrypt report citing sources familiar with the matter, the planned stablecoin remains in development, with the WLF team aiming to ensure strict safety features before going to market. The expected release date for this product is not yet known. However, the project has…
Dogecoin (DOGE), the most popular meme cryptocurrency, could soon see a sharp increase in price. At least that’s the conclusion drawn by Raul Pal, a former top Goldman Sachs manager and prominent cryptocurrency analyst,’s latest outlook on the price of DOGE.In his latest post, Pal highlighted that the price of the most popular meme coin is completing what appears to be the bullish flag pattern that began 2021. At the time, Dogecoin’s price peaked at around $0.75 and is currently at $3. Years later, this investor says DOGE is within sniffing distance of the “banana zone.” related One thing to…
Bitcoin rose nearly 2% on Tuesday, nearing its all-time high set in March. Riding the rise in Bitcoin, the prices of Ethereum and XRP are also rising. Stablecoin Tether CEO Paolo Ardoino denied allegations of a criminal investigation in the US in an interview with CoinDesk. Bitcoin, Ethereum, XRP updates Bitcoin was trading around $71,400 on Tuesday, 5% below its all-time high of $73,777. Ethereum rose 2% after creator Vitalik Buterin revealed his future plans for the altcoin in a blog post published on Wednesday. XRP price rose nearly 1% on the day, trading above $0.5200. Today’s chart: SUI Layer…
top line Bitcoin has just reached its highest level since late spring, as several market conditions, including next week’s US presidential election, impact the $1.4 trillion cryptocurrency. President Trump will deliver the keynote address at the Bitcoin 2024 conference in Nashville in July.Getty Images important facts Bitcoin rose about 3% on Tuesday at around 10:30 a.m. EDT, or 2:30 p.m. GMT, to a peak of $71,887, the token’s highest price since May 21 (24 Bitcoin market price fluctuations are the most volatile (usually measured in GMT). This brought Bitcoin’s gain in October to 11%, outpacing the 1% rise in the…
Ethereum co-founder Vitalik Buterin has announced a new development phase, “The Splurge,” aimed at making Ethereum faster, more secure, and ready for future challenges such as quantum computing. This stage of the roadmap focuses on Ethereum’s long-term flexibility and user accessibility, with the goal of “fixing everything else” to address notable scalability and security issues. Buterin’s approach to preparing Ethereum for the advent of future quantum computers underscores his commitment to pre-empting any cryptographic weaknesses and ensuring the robustness of Ethereum’s cryptography. Buterin’s main focus in The Splurge is enhanced encryption that can protect networks from the code-breaking capabilities of…
Web3 security researchers received $150,000 from Cosmos Network for identifying a critical bug that could bring down the Evmos blockchain and all its decentralized applications. On October 29th, a Spearbit Web3 security researcher with the username jayjonah.eth wrote a blog post about discovering a bug in the Evmos (EVMOS) blockchain that could have devastating effects on its operations. I have created an X post containing. His efforts were rewarded with a $150,000 payment from Cosmos Network for identifying the vulnerability. He discovered the bug while participating in bug bounty platform Immunefi’s Evmos bug bounty program, which has been active since…
Cryptocurrency exchange OKX has selected Standard Chartered as its third-party cryptocurrency custodian to help institutional investors meet growing demand for segregated storage solutions. OKX has partnered with banking giant Standard Chartered to enhance its crypto asset custody services for institutional customers, addressing the growing need for separate custody of digital assets. In a blog announcement on October 29, the cryptocurrency exchange said the partnership comes as cryptocurrencies become an integral part of diversified investment portfolios. OKX highlights that recent research shows that 80% of traditional and crypto hedge funds leveraging digital assets rely on third-party custodians, highlighting the importance of…
The WSJ article reports that Tether may be under investigation for sanctions violations and money laundering concerns. Tether’s CEO has denied any indication that the company is under investigation by US authorities. His comments followed a report in the Wall Street Journal suggesting that federal investigators were looking into possible violations of sanctions and anti-money laundering rules. The U.S. Attorney’s Office in Manhattan is investigating whether Tether was involved directly or through third parties in activities such as drug trafficking, terrorism, and financing of hacking, according to the report. Concerns have been raised that virtual currencies are facilitating illegal money…